Sun Life Guaranteed Investment Funds (GIFs)

Sun Life Guaranteed Investment Funds (GIFs) is an industry-leading suite of segregated fund contracts offering the benefits of protection and potential for investment growth.

Build and protect your savings with Sun Life GIFs

When you invest your money, you contribute to a large pool of money invested in stocks, bonds or other securities to grow the value of the entire investment. With segregated fund contracts, you also have maturity and death benefit guarantees, and in some cases, income guarantees for life.

Guarantees and benefits with segregated funds

  • Reduce your risk with guarantees on your investments; depending on the product, your contract will provide guarantees on maturity or death equal to 75% or 100% of premiums invested, reduced for withdrawals.
  • Segregated fund contracts are insurance contracts. They provide traditional insurance advantages, including named beneficiary options, potential creditor protection and avoiding probate. Sun Life GIFs offers you both growth and security.

A detailed description of the product features are provided in the information folders and contracts for the three products. Learn more.

Sun Life GIFs have three products to meet your financial needs:

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Sun GIF Solutions

Sun GIF Solutions is designed to grow with you through different life stages. There are three different series to meet your evolving financial needs: Investment, Income and Estate Series. Sun GIF Solutions offers the flexibility to move investments between the three series.

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Sun Lifetime Advantage GIF

Sun Lifetime Advantage GIF is a forward-thinking offering that reduces key retirement risks and provides growth potential by increasing lifetime guaranteed income when markets improve and interest rates increase during the years leading up to retirement. If you're getting ready to retire, this product offers certainty about the lifetime guaranteed income you'll receive in retirement, and the choice of when to start taking it.

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Sun Protect GIF

Sun Protect GIF can help you reach your long-term savings goals, with the highest level of market protection available within the Sun Life GIFs suite.

Compare Sun Life GIFs at a glance
  Sun GIF Solutions Sun Lifetime Advantage GIF Sun Protect GIF
Target market age Investment Series:
Age 25 – 90.

Income Series:
Age 50 – 75.

Estate Series:
Age 50 – 80.
Age 55 or older. Age 40 or older.
Target market description Investment Series:
Investors who are building their savings.

Income Series:
Investors who are getting ready for or are in retirement.

Estate Series:
Investors who are getting ready for or are in retirement.
Investors who are 5 or more years from retirement. Investors who are looking to protect their savings.  
Goals
  • Guarantees at a competitive price
  • Immediate lifetime  guaranteed income
  • Maximize estate value
  • Guarantees with potential access to money*
  • Lifetime guaranteed income certainty
  • Potential for increased income when markets improve and interest rates increase prior to retirement
  • Market and interest rate risk protection
  • Guarantees with potential access to money*
  • Invest in the market
  • Estate protection
  • Guaranteed legacy
  • Maximize estate value
  • Guarantees with potential access to money*
Investment fund options Investment Series: Approximately 60 funds available.

Income Series: The Strategic Income Fund was designed for this series.

Estate Series: Approximately 50 funds.

See available funds
Approximately 40 funds available.

See available funds
Approximately 15 funds available.

See available funds
Maturity guarantee 75% maturity guarantee. 75% maturity guarantee. Up to 100% maturity guarantee for deposits made before the 1st anniversary date or in the year after a reset or renewal.  75% maturity guarantee on deposits made thereafter.

On a renewal with less than 15 years left to contract maturity, the maturity guarantee reduces to 75% of market value.
Contract maturity date Age 100. Age 100. The maturity guarantee renews for a further 15 year period until the renewal at which there is less than 15 years to the contract maturity date, at 100.
Death benefit guarantee Investment Series:
75% death benefit guarantee.

Income Series:
75% death benefit guarantee.

Estate Series:
100% death benefit guarantee.
75% death benefit guarantee. 100% death benefit guarantee.
Resets Estate Series:
There are automatic annual resets of the death benefit guarantee, based on market value until age 80.
There are automatic annual minimum income resets based on market value and interest rates until income is elected or age 80. There are 4 investor-initiated resets per year of the maturity guarantee, until age 80.

It will also be reset if required on each renewal. There are automatic annual resets of the death benefit guarantee, based on market value, until age 80.
Management expense ratio (MER)** Investment Series:
1.90 – 3.45%.

Income Series:
2.75%.

Estate Series:
2.07 – 3.60%.
2.80 - 3.99%. 2.45 - 4.25%.

*Withdrawals impact the value of contract guarantees.
** The MER of a fund is calculated based on the insurance fees, the management fee, and the fund’s operating expenses. The MER of a fund includes the MER of any underlying funds, and any fees or sales charges associated with those underlying funds. There is no duplication in the fees and sales charges of the funds and underlying funds. The MER of a fund may change without notice unless the increase is due to an increase in the management fee.

Strength of Sun Life Financial

Founded in 1865, Sun Life Financial has helped Canadians manage and grow their assets for over 150 years.

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Financial strength, disciplined risk management

  • International financial services provider with total assets under management of $734 billion.*
  • One of Canada’s oldest, most trusted financial institutions, recognized for sustainability and proven, disciplined risk management.
Investment management expertise - icon

Investment management expertise

  • Benefit from the investment expertise of leading global portfolio managers.
  • Focus is on risk management through experience, insight and innovation.
Leading products and service - icon

Leading products and service

  • Full suite of leading insurance and investment products for individuals and corporate customers.
  • Strong commitment to service excellence.

*As of December 31, 2014 for the Sun Life Financial group of companies.

Disclaimers:

Sun Life GIFs are individual variable annuity contracts issued by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies.  
Any amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value.

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